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Crypto news digest from Great Britain

BlockchainWorldEvents
Crypto news digest from Great Britain

London is one of the European financial hubs, so cryptocurrency is the subject of much speculation here. Press Service of the Blockchain International Show London has prepared a digest of the latest UK crypto news.

Hong Kong's cryptocurrency exchange Huobi continues to expand its influence beyond Asia: the company announced the launch of the office in London. According to Chern Chang, Huobi’s senior business development manager for Europe, the British capital was chosen because, according to Huobi statistics, London is Europe's most active trading platform. The company has previously launched an office in South Korea and is preparing to start a business in San Francisco.


Awareness about cryptocurrency in the UK increased by 2% compared to January of this year: according to the D-CYFOR online survey, 93% of Britons have heard about bitcoin (compared to 91% of citizens in January, and 80% in November 2017). The British were also asked if they would support the cryptocurrency issued by the bank of England. 60% of the respondents said they would not. However, the British are ready to invest in “proven” cryptocurrencies: 14% would invest in Bitcoin Cash, 20%would invest in Ethereum, followed by Ripple with 6% and Litecoin at 5%.


BP, an oil and gas company from the UK, is interested in ICO projects. According to company representatives, BP is studying blockchain startups and is considering the possibility of cooperation. The company is primarily interested in non-financial blockchains.


Benjamin Dives, the head of London Block Exchange (LBX), pointed out the rising interest of institutional investors in bitcoin. Talking with the Express, he said that there was an increase in the number of deals with Bitcoin, Ethereum and Ripple, the Ethereum and pounds, dollars and euros.


Philip Hammond, the U.K. Chancellor of the Exchequer, is expected to announce the creation of a government “crypto assets task force”, CoinDesk reports with reference to the office of the Treasury. The working group will include representatives of several financial institutions, including the Treasury. The group plans to launch a number of fintech initiatives. Hammond will reveal the details at the International Fintech Conference.

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